I asked chatgpt when pepe will reach $1 and if he can become the Sunday leader. He had no definite answer.
Disclaimer: The information provided does not constitute financial, investment, trading or other types of advice and is solely the opinion of the author.
Despite the initial hype and frenzy behind #pepe [PEPE], general interest in the meme coin has dropped in the last few days. As the price fell further, many addresses preferred to sell their tokens at a loss rather than keep them.
In particular, an important event occurred when three wallets, probably belonging to the same person, deposited 1.5 trillion PEPE tokens (equivalent to $ 1.2 million) on Binance [BNB] and suffered a loss of $ 242,000.
An hour ago, 3 wallets (probably the same person) deposited 1.5 Tons of PEPE ($ 1.2 Million) on #Binance with a loss of 242 thousand dollars.
These 3 wallets withdrew 1.5 Tons of PEPE ($1.45 Million at the time) from #okx after the Pepe team abandoned 16 Tons of PEPE on August 24. pic.twitter.com/StKCuGMGFZ
Also, PEPE had a big setback when he hit the carpet on August 25th. 16 trillion PEPE tokens worth $ 15 million have flooded crypto exchanges such as Binance, OXK and Bybit.
The team blamed rogue players for the disaster.
An announcement to the $PEPE community:
Yesterday, on August 24, 2023, a number of unexpected transactions took place from the $ PEPE multisig cex
The wallet where ~$16 Trillion worth of PEPE tokens (worth roughly US$15 million) are transferred to various crypto exchanges (OKX, Binance,…
PEPE has become one of the most popular meme coins in recent days due to the way he has surprised investors several times. Meme money has not only posed a threat to players such as Shiba Inu [SHIB] and Dogecoin [DOGE], but it could soon reach a market value of $1 billion.
Realistic or not, here is Pepe's market value in terms of BTC
Chatgpt also had a lot of interesting thoughts about PEPE and gave insights into what the future of the meme medallion might look like.
A look at pepe's performance from chatgpt
Pepe's journey has been fascinating since the beginning, as he has recorded big wins from the bat. In fact, the coin has been consistently appearing in the trending list on Coinmarketcap for weeks, proving its popularity in the crypto space.
However, when I asked chatgpt a question about the possibility of the meme coin becoming a Sunday leader in true AI style, it simply replied,
"The potential for Pepecoin (PEPE) or any cryptocurrency to become a Sunday leader depends on a complex interaction of factors. These factors include technology, adoption, community support, use cases and market sentiment.”
The response of the jailbreak version of chatgpt was not much different. He decided,
"To become a Sunday leader, Pepe will need to demonstrate real-world utility, attract a significant user base and constantly innovate. The crypto market is highly competitive and dynamic, and there are a lot of projects competing for attention.”
Let's look at Pepe's metrics
The price of PEPE has increased by a modest 2.28% in the last seven days. It was trading at $0.000000805 at press time.
It's always better to do your own research; that's why I decided to take a look at the graphic indicators of the breast medallion to better understand the situation.
The Relative Strength Index (RSI) of the meme coin remained below the neutral 50 mark, while the Money Flow Index (MFI) stood well above it. It reflected a serious decrease in the Equilibrium Volume (OBV).
As a result, pepe's metrics on the chart are quite ambiguous in their assessment.
Source: PEPE/USD, Trading Outlook
But when we asked chatgpt if PEPE's price had recently reached $1, it was unable to provide a timeline.
The meme coin war is getting excited
Unlike Pepe's price action, the Dogecoin [DOGE] price is almost the same as a week ago. At press time, DOGE was trading at $0.06377.
How much is 1,10,100 pepe worth today?
The price of Shiba Inu [SHIB] has fallen by about 4% over the past seven days. At press time, the SHIB was changing hands at $0.000007675.
When we asked the AI bot about the ossibility of meme coin beating Dogecoin and Shiba Inu in the meme coin battle, he said it would be an uphill task for PEPE. #Binance #crypto2023